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The Economic Value of Cultural Diversity: Evidence from US Cities

Ottaviano, Gianmarco; Peri, Giovanni - C.E.P.R. Discussion Papers - 2004

in their wage and in the rental price of their housing. Such finding is economically significant and robust to omitted …

Persistent link: https://www.econbiz.de/10005792376

Spatial Asset Pricing: A First Step

Ortalo-Magné, François; Prat, Andrea - C.E.P.R. Discussion Papers - 2010

People choose where to live and how much to invest in housing. Traditionally, the first decision has been the domain of …

Persistent link: https://www.econbiz.de/10008468506

Property Tax and Urban Sprawl. Theory and Implications for U.S. Cities

Song, Yan; Zenou, Yves - C.E.P.R. Discussion Papers - 2005

This article attempts a formal analysis of the connection between property tax and urban sprawl in U.S. cities. We develop a theoretical model that includes households (who are also landlords) and land developers in a regional land market. We then test the model empirically based on a national...

Persistent link: https://www.econbiz.de/10005067619

New Economic Geography: an appraisal on the occasion of Paul Krugman's 2008 Nobel Prize in Economics

Fujita, Masahisa; Thisse, Jacques-François - C.E.P.R. Discussion Papers - 2008

Paul Krugman has clarified the microeconomic underpinnings of both spatial economic agglomerations and regional imbalances at national and international levels. He has achieved this with a series of remarkably original papers and books that succeed in combining imperfect competition, increasing...

Persistent link: https://www.econbiz.de/10005497703

How Urbanization Affect Employment and Social Interactions

Sato, Yasuhiro; Zenou, Yves - C.E.P.R. Discussion Papers - 2014

We develop a model where the unemployed workers in the city can find a job either directly or through weak or strong ties. We show that, in denser areas, individuals choose to interact with more people and meet more random encounters (weak ties) than in sparsely populated areas. We also...

Persistent link: https://www.econbiz.de/10011084303

The Geography of Development within Countries

Desmet, Klaus; Henderson, J Vernon - C.E.P.R. Discussion Papers - 2014

This chapter describes how the spatial distribution of economic activity changes as economies develop and grow. We start with the relation between development and rural-urban migration. Moving beyond the coarse rural-urban distinction, we then focus on the continuum of locations in an economy...

Persistent link: https://www.econbiz.de/10011084674

Housing and the Macroeconomy: The Role of Bailout Guarantees for Government Sponsored Enterprises

Jeske, Karsten; Krueger, Dirk; Mitman, Kurt - C.E.P.R. Discussion Papers - 2011

heterogeneous, infinitely lived households and competitive housing and mortgage markets. Households have the option to default on … equilibrium mortgage origination and increases aggregate welfare, but has little effect on foreclosure rates and housing …

Persistent link: https://www.econbiz.de/10009351520

The Impact of Changing Demographics and Pensions on The Demand for Housing and Financial Assets

Cerny, Ales; Miles, David K; Schmidt, Lubomir - C.E.P.R. Discussion Papers - 2005

social security upon the demand for housing and the level of owner occupation is substantial. The overall structure of … generosity of state run, pay-as-you-go pensions. The interaction between social security reform and housing market conditions is … significant and suggests that any changes in pension rules will have substantial knock on effects on the housing market. …

Persistent link: https://www.econbiz.de/10005662297

The Housing Crisis and Bankruptcy Reform: The Prepackaged Chapter 13 Approach

Posner, Eric A; Zingales, Luigi - C.E.P.R. Discussion Papers - 2009

The housing crisis threatens to destroy hundreds of billions of dollars of value by causing homeowners with negative …

Persistent link: https://www.econbiz.de/10005666502

Over Investment in Australian Housing : Implications for Tax Policy.

Bourassa, S.C.; Hendershott, P.H. - Research School of Economics, College of Business and … - 1992

Persistent link: https://www.econbiz.de/10004992967